Midsized South Korean Carmakers Struggle with Sales Amid Model Shortage
Photo: en.yna.co.kr

Midsized South Korean Carmakers Struggle with Sales Amid Model Shortage

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South Koreas midsized carmakers, including Renault Korea Motors, KG Mobility, and GM Korea, face declining sales due to a lack of new models, threatening their annual targets.

Why It Matters

The struggle of South Koreas midsized carmakers highlights a critical gap in innovation and model offerings compared to global leaders like Tesla, Inc.. This trend could jeopardize their market presence and influence the broader automotive market dynamics.